Car Sales July 2017: Carmakers Demonstrate Strong Growth Post GST
Highlights
July has been an eventful month for the automotive industry. Overall, there have been fairly a few launches, but the fattest shove for the industry was created by the implementation of the Goods and Services tax. It was in July that GST was introduced into the country and we’ve already told you a lot about it. Thanks to GST prices of cars and bikes dropped, making them cheaper and helping the car makers pass on this benefit to the customers. While we expect the effect to showcase on the industry in coming months, it’s been a good embark as far as Maruti Suzuki is worried. Maruti Suzuki India Limited sold a total of 165,346 units in July 2017, growing 20.6 per cent over the same period of last fiscal. This includes 154,001 units in the domestic market and 11,345 units of exports. The company had sold a total of 137,116 units in July 2016.
The main driver of sales has been the Compact segment which sees fresh launches in the form of the Ignis and the Dzire for Maruti Suzuki. There’s no discounting the Baleno either, and the company sold a total of 63,116 units in July two thousand seventeen which is a leap of 25.Trio per cent compared to July 2016
The Mini segment too has grown steadily for Maruti Suzuki with the Alto and the Wagon R raking in sales of 42,310 units, a massive leap of 20.7 per cent over last year. What is also interesting to note is that the Utility Vehicles segment has shown a significant growth for the company with sales figures of 25,781 units, showcasing a acute rise of 48.Three per cent compared to the same period last year.
Toyota
Toyota Kirloskar Motor reported a forty three per cent increase in domestic sales at 17,750 units in July. The company had sold a total of 12,404 units in the same month last year. The company sold over 9,300 units of the Innova Crysta MPV last month and also retailed Trio,400 units of Fortuner. Toyota 1,723 units of the Etios series in July two thousand seventeen as compared to 1,344 units in the same month last year, a growth of 28.Nineteen per cent.
Tata Motors passenger and commercial vehicle total sales in July two thousand seventeen were at 46,216 vehicles, higher by seven per cent as it managed to sell 43,160 vehicles in July 2016. In July 2017, Tata Motors recorded sales of 14,933 passenger vehicles with a growth of ten per cent over July 2016. The Tiago and the Tigor spearhead these numbers. Utility vehicles are boosting the sales numbers of car makers and it’s no different for Tata Motors. The UV segment grew by one hundred ten per cent due to strong request for Tata Hexa as the company sold two thousand eight hundred eight units in this segment. Cumulative sales growth of all passenger vehicles in the domestic market for the fiscal were at 49,791 units a growth of ten percent, compared to 45,062 in the last fiscal.
Hyundai
Hyundai Motor India Ltd registered a domestic sales of 43,007 units for the month of July 2017. The company launched the facelift of the Grand i10 as well as the Xcent this year and is gearing up to launch the fresh generation of the Verna in August. Commenting on the July sales Mr. Rakesh Srivastava, Director – Sales and Marketing, Hyundai Motor India Ltd. said, “Hyundai with a growth of 14.5% month on month and Four.4% year on year, continued its growth momentum on the strength of strong spectacle by the ICOTY winners Grand i10, Elite i20, Creta, with a cumulative sales milestone of 1.25 Million units reaching towards higher growth momentum with strong support of lowering of prices on account of GST implementation and good monsoon which will increase customer confidence and sentiment towards vehicle buying.”
Ford India’s combined domestic wholesales and exports in July reached 26,075 vehicles from 17,742 vehicles in the corresponding month last year. Ford sold 8,418 vehicles, as against 7,076 units, while exports grew to 17,657 vehicles compared to Ten,666 units in July of last year.
Mahindra and Mahindra
The country’s leading UV manufacturer registered a six per cent growth in July two thousand seventeen with total sales accounting for 41,747 units against the 39,458 sold in July 2016. Domestic sales went up by thirteen per cent with sale of both passenger car and commercial vehicles accounting for 39,762 last month compared to the 35,305 units sold during the same month in 2016. Exports, however, spotted a massive drop of fifty two per cent with sales coming down to 1,985 units in July two thousand seventeen from Four,153 units exported in July 2016.
Commenting on the spectacle, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are blessed with the overall spectacle for the month of July 2017. We have registered a growth of 21% in the Passenger Vehicle segment and a growth of 13% in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, embarking from August, give us confidence of continuing a sturdy growth in Q2”.
Honda Cars India
Honda Cars India’s sales grew by an outstanding twenty two per cent in the month of July two thousand seventeen with the company selling 17,085 units compared to the 14,033 units sold in July 2016. Exports also grew by over over thirty five per cent at three hundred fifty units last month compared to the two hundred twelve units that were exported in the same month last year. This brings Honda’s cumulative sales to 17,435 units in the month of July two thousand seventeen compared to the 14,254 units sold in July 2016, registering a total growth of over eighteen per cent.
Commenting on the company’s spectacle, Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said “We were able to post good growth in July with strong sales numbers across models. The post-GST price benefits, healthy monsoon and onset of festive season in many regions from August will give another boost to our sales. We have enlargened the WR-V supply for our waiting customers from last month and is reflected in the good numbers posted by the model in July”.
The company has been maintaining strong sales momentum in the current fiscal year and has sold 55,647 units during April – July two thousand seventeen with a cumulative growth of over 21% as against 45,880 units in the corresponding period April – July 2016.
The Volkswagen Ameo and Volkswagen Tiguan were launched in the past year
Volkswagen
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Car Sales July 2017: Carmakers Display Strong Growth Post GST – NDTV CarAndBike
Car Sales July 2017: Carmakers Showcase Strong Growth Post GST
Highlights
July has been an eventful month for the automotive industry. Overall, there have been fairly a few launches, but the thickest shove for the industry was created by the implementation of the Goods and Services tax. It was in July that GST was introduced into the country and we’ve already told you a lot about it. Thanks to GST prices of cars and bikes dropped, making them cheaper and helping the car makers pass on this benefit to the customers. While we expect the effect to demonstrate on the industry in coming months, it’s been a good embark as far as Maruti Suzuki is worried. Maruti Suzuki India Limited sold a total of 165,346 units in July 2017, growing 20.6 per cent over the same period of last fiscal. This includes 154,001 units in the domestic market and 11,345 units of exports. The company had sold a total of 137,116 units in July 2016.
The main driver of sales has been the Compact segment which sees fresh launches in the form of the Ignis and the Dzire for Maruti Suzuki. There’s no discounting the Baleno either, and the company sold a total of 63,116 units in July two thousand seventeen which is a leap of 25.Trio per cent compared to July 2016
The Mini segment too has grown steadily for Maruti Suzuki with the Alto and the Wagon R raking in sales of 42,310 units, a massive leap of 20.7 per cent over last year. What is also interesting to note is that the Utility Vehicles segment has shown a significant growth for the company with sales figures of 25,781 units, displaying a acute rise of 48.Trio per cent compared to the same period last year.
Toyota
Toyota Kirloskar Motor reported a forty three per cent increase in domestic sales at 17,750 units in July. The company had sold a total of 12,404 units in the same month last year. The company sold over 9,300 units of the Innova Crysta MPV last month and also retailed Trio,400 units of Fortuner. Toyota 1,723 units of the Etios series in July two thousand seventeen as compared to 1,344 units in the same month last year, a growth of 28.Nineteen per cent.
Tata Motors passenger and commercial vehicle total sales in July two thousand seventeen were at 46,216 vehicles, higher by seven per cent as it managed to sell 43,160 vehicles in July 2016. In July 2017, Tata Motors recorded sales of 14,933 passenger vehicles with a growth of ten per cent over July 2016. The Tiago and the Tigor spearhead these numbers. Utility vehicles are boosting the sales numbers of car makers and it’s no different for Tata Motors. The UV segment grew by one hundred ten per cent due to strong request for Tata Hexa as the company sold two thousand eight hundred eight units in this segment. Cumulative sales growth of all passenger vehicles in the domestic market for the fiscal were at 49,791 units a growth of ten percent, compared to 45,062 in the last fiscal.
Hyundai
Hyundai Motor India Ltd registered a domestic sales of 43,007 units for the month of July 2017. The company launched the facelift of the Grand i10 as well as the Xcent this year and is gearing up to launch the fresh generation of the Verna in August. Commenting on the July sales Mr. Rakesh Srivastava, Director – Sales and Marketing, Hyundai Motor India Ltd. said, “Hyundai with a growth of 14.5% month on month and Four.4% year on year, continued its growth momentum on the strength of strong spectacle by the ICOTY winners Grand i10, Elite i20, Creta, with a cumulative sales milestone of 1.25 Million units reaching towards higher growth momentum with strong support of lowering of prices on account of GST implementation and good monsoon which will increase customer confidence and sentiment towards vehicle buying.”
Ford India’s combined domestic wholesales and exports in July reached 26,075 vehicles from 17,742 vehicles in the corresponding month last year. Ford sold 8,418 vehicles, as against 7,076 units, while exports grew to 17,657 vehicles compared to Ten,666 units in July of last year.
Mahindra and Mahindra
The country’s leading UV manufacturer registered a six per cent growth in July two thousand seventeen with total sales accounting for 41,747 units against the 39,458 sold in July 2016. Domestic sales went up by thirteen per cent with sale of both passenger car and commercial vehicles accounting for 39,762 last month compared to the 35,305 units sold during the same month in 2016. Exports, however, spotted a massive drop of fifty two per cent with sales coming down to 1,985 units in July two thousand seventeen from Four,153 units exported in July 2016.
Commenting on the spectacle, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are blessed with the overall spectacle for the month of July 2017. We have registered a growth of 21% in the Passenger Vehicle segment and a growth of 13% in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, commencing from August, give us confidence of continuing a sturdy growth in Q2”.
Honda Cars India
Honda Cars India’s sales grew by an extraordinaire twenty two per cent in the month of July two thousand seventeen with the company selling 17,085 units compared to the 14,033 units sold in July 2016. Exports also grew by over over thirty five per cent at three hundred fifty units last month compared to the two hundred twelve units that were exported in the same month last year. This brings Honda’s cumulative sales to 17,435 units in the month of July two thousand seventeen compared to the 14,254 units sold in July 2016, registering a total growth of over eighteen per cent.
Commenting on the company’s spectacle, Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said “We were able to post good growth in July with strong sales numbers across models. The post-GST price benefits, healthy monsoon and onset of festive season in many regions from August will give another boost to our sales. We have enlargened the WR-V supply for our waiting customers from last month and is reflected in the good numbers posted by the model in July”.
The company has been maintaining strong sales momentum in the current fiscal year and has sold 55,647 units during April – July two thousand seventeen with a cumulative growth of over 21% as against 45,880 units in the corresponding period April – July 2016.
The Volkswagen Ameo and Volkswagen Tiguan were launched in the past year
Volkswagen
For the latest auto news and reviews, go after CarAndBike on Twitter, Facebook, and subscribe to our YouTube channel.